Bartkus, James R.; Kabir Hassan, M. - In: Journal of Financial Regulation and Compliance 17 (2009) 2, pp. 134-145
Purpose – Modern portfolio theory demonstrates that a well‐diversified portfolio will minimize unsystematic risk. It may be impractical to achieve a well‐diversified portfolio of venture capital (VC) investments due to market imperfections, leading to the decision to specialize. The...